United American Healthcare Corp(OTCMKTS:UAHC) One Volatile Stock

United American Healthcare Corp(OTCMKTS:UAHC) is in the bitcoin mining business with MGT Capital Investments and has a recent history of highly explosive moves. In September of last year UAHC skyrocketed from under a dime to highs of $0.09 before coming back down. Currently just under $0.40 the stock is trying to get back to the mid $0.70 range where it traded earlier this year.

UAHC is trending up after the Company announced significant income growth in the three-month and nine-month periods ending September 30, 2017, driven by strong performances from the Company’s wholly owned subsidiaries Pulse Systems, LLC (“Pulse”), a contract manufacturing company that provides services to the medical device industry, and newly formed UAHC Ventures, LLC (“UAHC Ventures”), a strategic investment organization focusing on opportunities in emerging and high-growth sectors such as blockchain technologies.

United American Healthcare Corp(OTCMKTS:UAHC) offers Contract Manufacturing services for precision metal components and sub-assemblies to the medical device industry, from quick-turn prototypes to full-volume production. Additionally, through its subsidiary, UAHC Ventures, LLC, pursues strategic-investment opportunities in various growth industries such as Bitcoin.

UAHC does significant revenues over $10 million a year from its contract manufacturing services division operated under the Pulse Systems subsidiary which specializes in laser cutting and utilizes automated processing workstations which deliver precise amounts of laser energy to vaporize tubular metal materials such as stainless steel and Nitinol in the specific pattern required for the customer’s part.

Earlier this year Pulse Systems LLC made a significant investment in a state-of-the-art Tsugami Laser-cutting system. The investment in the new technology is cost effective for medical device product developers, and increases efficiency by combining CNC machining and laser cutting in a single setup.

The Tsugami laser combines features of both a Swiss screw machine and a laser tube cutting system by adding a fiber laser cutting head to a standard screw machine. The laser is essentially acting as an additional “live tool” with unique capabilities in laser cutting of thin wall materials, in addition to the conventional turning and milling capabilities of a Swiss screw machine.

UAHC has formed a new subsidiary UAHC Ventures to pursue strategic-investment opportunities in promising growth industries, such as blockchain technologies and digital currency. Mining of Bitcoin and other digital currencies within the digital currency space has experienced immense momentum and growth.

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In August UAHC announced its wholly-owned subsidiary UAHC Ventures, LLC has partnered with MGT Capital Investments, Inc. by providing a $2 million investment to MGTI, the proceeds of which will be utilized by MGTI to further expand and develop its Bitcoin mining operations.

In exchange for UAHC Ventures’ $2 million investment, MGTI has issued UAHC Ventures both a Secured Convertible Promissory Note and a warrant to purchase shares of MGTI’s common stock. Monthly redemption payments due under the financing begin three months following the close of the transaction, and may be made in cash or by converting redemption amounts into shares of MGTI’s common stock.

On January 23 UAHC announced the release of its unaudited third quarter report ending September 30, 2017. The quarterly report can be found here. Additionally, the Company provided a summary of financial results from the report and an overview of recent operational highlights.

The Company experienced significant income growth in the three-month and nine-month periods ending September 30, 2017, driven by strong performances from the Company’s wholly owned subsidiaries Pulse Systems, LLC (“Pulse”), a contract manufacturing company that provides services to the medical device industry, and newly formed UAHC Ventures, LLC (“UAHC Ventures”), a strategic investment organization focusing on opportunities in emerging and high-growth sectors such as blockchain technologies and cryptocurrency.

UAHC Parent reported a consolidated year-over-year third-quarter increase in net income of 668% and a net comprehensive income increase of 1,312% for the same period. Further, for the nine-months ending September 30, 2017, the Company reported a year-over-year increase in net income of 452% and an increase in net-comprehensive income of 828%.

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Currently trading at a $61 million market valuation UAHC has $826,000 in the treasury and just reported a net income of $1.6 million for the 6 months ended June 30, 2017. The company is doing over $10 million in annual revenues from its contract manufacturing services division operated under the Pulse Systems. Now that UAHC has ventured into the exciting Bitcoin Mining space with a $2 million investment in MGT Capital investments it has captured the interest of investors who have been busy bidding this low floater higher. We will be updating on UAHC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with UAHC.

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Disclosure: we hold no position in UAHC either long or short and we have not been compensated for this article.